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CFPB Dual Mandate and Economic Analysis Act

USA118th CongressHR-2489| House 
| Updated: 4/6/2023
Tom Emmer

Tom Emmer

Republican Representative

Minnesota

Cosponsors (7)
William R. Timmons (Republican)Daniel Meuser (Republican)Roger Williams (Republican)Blaine Luetkemeyer (Republican)Byron Donalds (Republican)Bill Posey (Republican)Ralph Norman (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
CFPB Dual Mandate and Economic Analysis Act This bill establishes the Office of Economic Analysis in the Consumer Financial Protection Bureau (CFPB) to review all proposed and existing guidance, orders, rules, and regulations. The CFPB must also identify in each proposed rulemaking the problem to be solved by the rule or regulation and the metrics the CFPB will use to measure the success of the rule or regulation. These metrics must include a measurement of changes regarding consumer access to, and the cost of, consumer financial products and services. Additionally, the purpose of the CFPB is revised to include strengthening private sector participation in markets, without government interference or subsidies, to increase competition and enhance consumer choice.
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Timeline

Bill from Previous Congress

HR 117-527
CFPB Dual Mandate and Economic Analysis Act
Apr 6, 2023
Introduced in House
Apr 6, 2023
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 117-527
    CFPB Dual Mandate and Economic Analysis Act


  • April 6, 2023
    Introduced in House


  • April 6, 2023
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • HR 118-2798: CFPB Transparency and Accountability Reform Act

CFPB Dual Mandate and Economic Analysis Act

USA118th CongressHR-2489| House 
| Updated: 4/6/2023
CFPB Dual Mandate and Economic Analysis Act This bill establishes the Office of Economic Analysis in the Consumer Financial Protection Bureau (CFPB) to review all proposed and existing guidance, orders, rules, and regulations. The CFPB must also identify in each proposed rulemaking the problem to be solved by the rule or regulation and the metrics the CFPB will use to measure the success of the rule or regulation. These metrics must include a measurement of changes regarding consumer access to, and the cost of, consumer financial products and services. Additionally, the purpose of the CFPB is revised to include strengthening private sector participation in markets, without government interference or subsidies, to increase competition and enhance consumer choice.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 117-527
CFPB Dual Mandate and Economic Analysis Act
Apr 6, 2023
Introduced in House
Apr 6, 2023
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 117-527
    CFPB Dual Mandate and Economic Analysis Act


  • April 6, 2023
    Introduced in House


  • April 6, 2023
    Referred to the House Committee on Financial Services.
Tom Emmer

Tom Emmer

Republican Representative

Minnesota

Cosponsors (7)
William R. Timmons (Republican)Daniel Meuser (Republican)Roger Williams (Republican)Blaine Luetkemeyer (Republican)Byron Donalds (Republican)Bill Posey (Republican)Ralph Norman (Republican)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • HR 118-2798: CFPB Transparency and Accountability Reform Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted